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Cryptocurrency News

‘Green ETH’ narrative to drive investment and adoption, says pundits

09/16/2022

Less than a minute

2022.09.15 23:40

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'Green ETH' narrative to drive investment and adoption, says pundits
‘Green ETH’ narrative to drive investment and adoption, says pundits

The shedding of Ethereum’s energy-intensive proof-of-work (PoW) system is expected to see Ether (ETH) “flow into the institutional world,” according to a number of fund managers and co-founders.

On Sept. 15, officially transitioned to a proof-of-stake (PoS) consensus mechanism, which is expected to cut energy consumption used by the network by 99.95%, according to the Ethereum Foundation.

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09/16/2022

Less than a minute